M & T BK CORP MTB
COM · Common Stock · CUSIP 55261F104 · ISIN US55261F1049
American bank holding company
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersBuffalo, NY
- Founded1856
- Websitewww3.mtb.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($46.6m this quarter). Holder counts are more reliable. Shares outstanding: 164.3m as of 2025-02-14, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $188.03. Options: 29 managers hold calls ($103.8m notional), 18 hold puts ($101.5m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 924 |
| Q4 2022 | 897 |
| Q1 2023 | 831 |
| Q2 2023 | 832 |
| Q3 2023 | 809 |
| Q4 2023 | 893 |
| Q1 2024 | 897 |
| Q2 2024 | 925 |
| Q3 2024 | 950 |
| Q4 2024 | 1,049 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 353 | 461 |
| Q2 2023 | 360 | 412 |
| Q3 2023 | 338 | 389 |
| Q4 2023 | 380 | 391 |
| Q1 2024 | 376 | 434 |
| Q2 2024 | 431 | 376 |
| Q3 2024 | 435 | 416 |
| Q4 2024 | 479 | 413 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $134.3m | $167.2m | 1.25 |
| Q2 2024 | $145.7m | $68.5m | 0.47 |
| Q3 2024 | $153.9m | $96.6m | 0.63 |
| Q4 2024 | $103.8m | $101.5m | 0.98 |
Biggest buyers
| FMR LLC | Added | +1.8m |
| UBS Group AG | Added | +773.9k |
| BlackRock, Inc. | Added | +444.0k |
| Nuveen Asset Management, LLC | Added | +286.0k |
| D. E. Shaw & Co., Inc. | New | +260.3k |
| STATE STREET CORP | Added | +253.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +252.6k |
| Amundi | Added | +244.7k |
| Qube Research & Technologies Ltd | New | +224.4k |
| NORTHERN TRUST CORP | Added | +215.1k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -2.6m |
| Invesco Ltd. | Reduced | -724.4k |
| Canoe Financial LP | Reduced | -588.0k |
| LSV ASSET MANAGEMENT | Reduced | -466.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -429.3k |
| MARSHALL WACE, LLP | Reduced | -364.0k |
| Junto Capital Management LP | Sold out | -291.2k |
| Zurich Insurance Group Ltd/FI | Sold out | -249.4k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH | Sold out | -246.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $27.3m145.1k shares |
| CITADEL ADVISORS LLC | Reduced | $11.5m61.3k shares |
| JANE STREET GROUP, LLC | Reduced | $8.9m47.6k shares |
| WOLVERINE TRADING, LLC | Added | $6.7m35.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $6.2m331 shares |
| Walleye Trading LLC | Added | $4.7m25.2k shares |
| Interval Partners, LP | New | $4.0m21.3k shares |
| GROUP ONE TRADING LLC | Added | $4.0m21.1k shares |
| IMC-Chicago, LLC | Added | $3.9m20.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.9m20.5k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $21.5m114.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $18.6m98.8k shares |
| CITADEL ADVISORS LLC | Added | $15.2m80.6k shares |
| PEAK6 LLC | First filing | $10.2m54.0k shares |
| Walleye Trading LLC | Reduced | $8.4m44.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $6.4m34.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $4.2m22.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $3.8m200 shares |
| BANK OF AMERICA CORP /DE/ | New | $3.6m19.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $2.9m15.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +1.4 pts · filed 2026-02-05 | 8.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.6% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +1.5 pts · filed 2025-05-12 | 6.0% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (4.8%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 1 | $61.0k | 0 | — | — |
| Q2 2023 | 1 | $1.2m | 1 | $82.9k | — |
| Q3 2023 | 0 | — | 2 | $8.2m | — |
| Q4 2023 | 1 | $555.2k | 5 | $20.8m | — |
| Q1 2024 | 0 | — | 3 | $5.2m | — |
| Q2 2024 | 0 | — | 4 | $26.2m | — |
| Q3 2024 | 0 | — | 6 | $3.7m | — |
| Q4 2024 | 0 | — | 12 | $25.9m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-03 | GEISEL GARY N Director · By IRA | Sold | $537.6k2.5k shares |
| 2024-11-26 | Woodrow Tracy S. Sr. Executive Vice President | Sold | $468.2k2.1k shares |
| 2024-11-25 | SALAMONE DENIS J Director | Sold | $2.2m10.0k shares |
| 2024-11-21 | BARNES JOHN P Director · By John P. Barnes Living Trust | Sold | $3.7m17.1k shares |
| 2024-11-21 | BARNES JOHN P Director · By Nancy Barnes Living Trust | Sold | $337.0k1.6k shares |
| 2024-11-21 | BARNES JOHN P Director · By IRA | Sold | $291.8k1.3k shares |
| 2024-11-14 | Wisler Michael A. Sr. Executive Vice President | Sold | $2.4m11.2k shares |
| 2024-11-12 | Todaro Michael J. Sr. Executive Vice President | Sold | $1.0m4.8k shares |
| 2024-11-06 | WALTERS KIRK W Director · By Gus & Bonnie, LLC | Sold | $2.5m12.3k shares |
| 2024-11-06 | WALTERS KIRK W Director | Sold | $579.3k2.8k shares |
| 2024-11-06 | WALTERS KIRK W Director | Sold | $334.2k1.6k shares |
| 2024-11-01 | PEARSON KEVIN J Vice Chairman | Sold | $1.5m7.5k shares |
| 2024-10-30 | SADLER ROBERT E JR Director · By Wife | Sold | $396.0k2.0k shares |
| 2024-10-28 | JONES RENE F Chairman of the Board and CEO, director | Sold | $4.5m23.1k shares |
| 2024-10-28 | O'Hara Laura P. Sr. EVP & Chief Legal Officer | Sold | $956.1k4.9k shares |
| 2024-10-28 | Taylor John R. EVP and Controller | Sold | $280.1k1.4k shares |
| 2024-10-22 | BARNES JOHN P Director · By John P. Barnes Living Trust | Sold | $3.9m20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 19.5m $3.7bn | Added +42.4k |
| FMR LLC 0.16% of their portfolio | 14.1m $2.7bn | Added +1.8m |
| BlackRock, Inc. 0.05% of their portfolio | 13.1m $2.5bn | Added +444.0k |
| STATE STREET CORP 0.07% of their portfolio | 9.0m $1.7bn | Added +253.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.26% of their portfolio | 7.4m $1.4bn | Reduced -2.6m |
| JPMORGAN CHASE & CO 0.09% of their portfolio | 6.1m $1.1bn | Reduced -6.9m |
| MORGAN STANLEY 0.07% of their portfolio | 5.4m $1.0bn | Reduced -154.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.18% of their portfolio | 5.3m $994.5m | Added +252.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.4m $819.8m | Added +40.9k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.71% of their portfolio | 4.1m $775.1m | Unchanged |
| Invesco Ltd. 0.11% of their portfolio | 3.1m $579.8m | Reduced -724.4k |
| NORGES BANK 0.04% of their portfolio | 1.7m $317.7m | Added +111.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.10% of their portfolio | 1.7m $317.5m | Reduced -27.3k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.7m $316.5m | Added +215.1k |
| FIRST TRUST ADVISORS LP 0.27% of their portfolio | 1.6m $301.9m | Added +33.0k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.6m $300.6m | Reduced -18.2k |
| Nuveen Asset Management, LLC 0.08% of their portfolio | 1.6m $294.7m | Added +286.0k |
| M&T Bank Corp 0.94% of their portfolio | 1.5m $280.0m | Reduced -208.2k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 1.4m $265.4m | Reduced -84.5k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.84% of their portfolio | 1.3m $245.8m | Reduced -19.4k |
| LONDON CO OF VIRGINIA 1.22% of their portfolio | 1.2m $223.1m | Reduced -6.8k |
| UBS Group AG 0.05% of their portfolio | 1.2m $218.9m | Added +773.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.1m $204.7m | Added +155.4k |
| Legal & General Group Plc 0.05% of their portfolio | 986.3k $185.4m | Added +36.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 910.1k $171.1m | Reduced -224.6k |
| Senvest Management, LLC 4.74% of their portfolio | 819.8k $154.1m | Reduced -63.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 808.9k $152.1m | Reduced -429.3k |
| Amundi 0.05% of their portfolio | 807.3k $154.3m | Added +244.7k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.91% of their portfolio | 773.1k $145.4m | Added +46.1k |
| MARSHALL WACE, LLP 0.15% of their portfolio | 618.1k $116.2m | Reduced -364.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 604.3k $113.6m | Added +11.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 578.5k $108.8m | Reduced -21.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 503.9k $94.7m | Reduced -60.1k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 487.0k $91.6m | Added +97.5k |
| Smead Capital Management, Inc. 1.41% of their portfolio | 482.1k $90.6m | Reduced -11.7k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 479.0k $90.1m | Reduced -80.0k |
| Lansforsakringar Fondforvaltning AB (publ) 0.33% of their portfolio | 458.5k $86.2m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 457.0k $85.9m | Reduced -33.0k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 453.8k $85.3m | Added +17.4k |
| LSV ASSET MANAGEMENT 0.19% of their portfolio | 447.8k $84.2m | Reduced -466.2k |
| FEDERATED HERMES, INC. 0.18% of their portfolio | 441.1k $82.9m | Added +122.1k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 438.6k $82.5m | Added +17.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 425.1k $79.9m | Reduced -42.7k |
| BARCLAYS PLC 0.04% of their portfolio | 416.4k $78.3m | Reduced -161.9k |
| CITIGROUP INC 0.07% of their portfolio | 407.4k $76.6m | Added +208.3k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 403.7k $75.9m | Reduced -19.3k |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 394.4k $74.2m | Added +789 |
| HUNTINGTON NATIONAL BANK 0.52% of their portfolio | 387.5k $72.9m | Added +73.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 379.8k $71.4m | Reduced -33.0k |
| Giverny Capital Inc. 2.53% of their portfolio | 367.6k $69.1m | Added +7.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 365.1k $68.6m | Added +58.5k |
| RNC CAPITAL MANAGEMENT LLC 3.64% of their portfolio | 362.6k $68.2m | Reduced -12.6k |
| DNB Asset Management AS 0.29% of their portfolio | 355.5k $66.8m | Reduced -25.0k |
| ANCHOR CAPITAL ADVISORS LLC 1.87% of their portfolio | 349.2k $65.7m | Reduced -29.3k |
| Davis Asset Management, L.P. 2.49% of their portfolio | 325.0k $61.1m | Reduced -20.0k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 299.3k $56.3m | Reduced -5.6k |
| California Public Employees Retirement System 0.04% of their portfolio | 295.0k $55.5m | Reduced -3.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 263.6k $50.5m | Added +15.5k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 260.3k $48.9m | New |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.21% of their portfolio | 252.9k $47.5m | Added +114.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 246.2k $46.3m | Reduced -14.2k |
| National Pension Service 0.04% of their portfolio | 244.1k $45.9m | Reduced -24.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 233.5k $43.9m | Reduced -731 |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 230.0k $43.2m | Reduced -12.0k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 224.4k $42.2m | New |
| COOKE & BIELER LP 0.40% of their portfolio | 222.4k $41.8m | Reduced -147.2k |
| CANADA LIFE ASSURANCE Co 0.07% of their portfolio | 210.5k $39.6m | Added +81.6k |
| ABSHER WEALTH MANAGEMENT, LLC 4.87% of their portfolio | 197.9k $37.2m | Reduced -42.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 195.2k $36.7m | Reduced -3.9k |
| Rafferty Asset Management, LLC 0.13% of their portfolio | 190.9k $35.9m | Reduced -36.4k |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 1.79% of their portfolio | 189.9k $37.8m | Reduced -6.4k |
| Polaris Capital Management, LLC 1.72% of their portfolio | 189.3k $35.6m | Reduced -2.6k |
| KBC Group NV 0.10% of their portfolio | 186.9k $35.1m | Reduced -100.0k |
| LGT CAPITAL PARTNERS LTD. 1.32% of their portfolio | 185.1k $34.8m | New |
| SAPIENT CAPITAL LLC 0.66% of their portfolio | 184.3k $34.6m | Added +182.4k |
| Advisors Capital Management, LLC 0.54% of their portfolio | 182.1k $34.2m | Reduced -1.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 182.0k $34.2m | Reduced -775 |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 175.7k $33.0m | Reduced -20.2k |
| Vest Financial, LLC 0.58% of their portfolio | 173.1k $32.5m | Added +22.6k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 172.9k $32.5m | Added +158.3k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 171.7k $32.3m | Added +63.8k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.50% of their portfolio | 169.2k $31.8m | Added +95 |
| Artisan Partners Limited Partnership 0.05% of their portfolio | 168.8k $31.7m | Reduced -134.2k |
| AGF MANAGEMENT LTD 0.16% of their portfolio | 168.8k $31.7m | Added +42.8k |
| STRS OHIO 0.12% of their portfolio | 166.2k $31.2m | Added +30.9k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 163.5k $30.7m | Reduced -15.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 158.0k $29.8m | Reduced -25.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 152.4k $28.7m | Reduced -3.2k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 149.7k $28.1m | Added +35.0k |
| Assenagon Asset Management S.A. 0.05% of their portfolio | 147.2k $27.7m | Added +111.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 146.5k $27.5m | Added +125.0k |
| TWINBEECH CAPITAL LP 0.44% of their portfolio | 137.7k $25.9m | New |
| Mirae Asset Global Investments Co., Ltd. 0.10% of their portfolio | 135.5k $25.6m | Added +23.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.05% of their portfolio | 127.3k $23.9m | Added +5.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 123.1k $23.1m | Added +43.2k |
| Squarepoint Ops LLC 0.06% of their portfolio | 122.6k $23.1m | Added +118.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 120.6k $22.7m | Reduced -5.3k |
| Candriam S.C.A. 0.13% of their portfolio | 119.5k $22.5m | Reduced -13.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 115.9k $21.8m | First filing |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 114.6k $21.5m | New |